Data / Bank failures / 1980 / Telegraph S&LA
Telegraph S&LA, Chicago, IL: received FDIC assistance May 1, 1980
Telegraph S&LA in Chicago, Illinois, received open bank assistance from the FDIC on May 1, 1980. It held $264.5 million in assets and $218.1 million in deposits at its last report. By assets it was the 3rd largest of 22 banks closed or assisted in 1980.
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The FDIC's record
- Closed
- May 1, 1980
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- First FS&LA of Chicago, Chicago, IL
- Total assets
- $264,460,396
- Total deposits
- $218,111,071
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 29900
Other bank failures in Illinois, 1978 to 1982
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Chicagoland FS&LA (assistance) | Chicago | December 17, 1982 | $140.5 million | $126.3 million | $9.8 million | Great American FS&LA |
| Tri-State Bank | Markham | October 8, 1982 | $16.3 million | $16 million | ||
| Vandalia Citizens S&LA (assistance) | Vandalia | September 10, 1982 | $13.7 million | $13.1 million | $898,750 | Fidelity FS&LA |
| Investors S&LA (assistance) | Fairview Heights | September 10, 1982 | $48.1 million | $39.8 million | $949,062 | Fidelity FS&LA |
| Union of Cook County (assistance) | Matteson | September 1, 1982 | $107 million | $94.5 million | Citicorp SVG of Il A FS&LA | |
| First FS&LA (assistance) | Peoria | September 1, 1982 | $446 million | $401.7 million | Talman Home FS&LA of Il | |
| Security BK & TR Company | Cairo | August 27, 1982 | $12 million | $11.2 million | $2.5 million | First BANK&TRUST Co |
| Farmers State BK of Lewiston | Lewiston | June 25, 1982 | $30.9 million | $28.1 million | $8.2 million | Farmers STB of Fulton Co |
Other failed banks First FS&LA of Chicago took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| First Financial, S&LA (assistance) | Downer's Grove | IL | April 3, 1982 | $633.9 million | $398.2 million | First FS&LA of Chicago |
All bank failures in 1980 · All bank failures in Illinois · Every failed bank First FS&LA of Chicago took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.